India News | ED Attaches Shares of Singapore-based Shell Company Under PMLA in Fraud Case
Get latest articles and stories on India at LatestLY. The Enforcement Directorate (ED) on Tuesday attached shares worth Rs 452 crores of ILFS Tamil Nadu Power Company (ITPCL) held in the name of a Singapore-based shell company.
New Delhi [India], January 5 (ANI): The Enforcement Directorate (ED) on Tuesday attached shares worth Rs 452 crores of ILFS Tamil Nadu Power Company (ITPCL) held in the name of a Singapore-based shell company.
The agency said that the company M/s A S Coal Pte Singapore is owned by a British National, Jaimin Vyas.
"ED attaches shares worth Rs 452 crores of ILFS Tamil Nadu Power Company (ITPCL) held in the name of M/s A. S. Coal Pte Singapore (a shell company), owned by a British National, Jaimin Vyas under PMLA in a fraud case," ED tweeted. (ANI)
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